Antoine Antoniol/Getty ImagesWolfe Herd had met Andreev while she was working at Tinder. In the aftermath of her lawsuit, Andreev sent her a note of encouragement and asked to meet.
After her experience at Tinder, Wolfe Herd wasn't looking to build another dating app — she wanted to build an Instagram competitor where people could only post positive comments, according to her 2015 interview with Business Insider.
But Andreev convinced her to work on another dating app. Along with two former Tinder employees — cofounder Chris Gulzcynski and former vice president of design Sarah Mick — they launched Bumble in December 2014.
Andreev made an initial investment of $10 million and became the majority owner with a 79% stake. Wolfe Herd became CEO with a 20% stake in Bumble, according to Forbes' Clare O'Connor.